Joe Biden and PM Modi met some of the most powerful executives in Silicon Valley on Friday.
New Delhi:
three US tech giants have Committed to making major investments in India Following Prime Minister Narendra Modi’s recently concluded state visit to the western superpower. Amazon, Google and Microsoft have announced capital investment and technical collaboration for the development of Indian technology.
while amazon has committed to invest an additional $15 billion in India Over the next seven years, which will take the company’s total Indian investment across all businesses to $26 billion, Google has said it will open its global fintech operations center in Gujarat.
Microsoft Chairman and CEO Satya Nadella in his meeting with the Prime Minister discussed the power of technology, especially artificial intelligence, to help improve the lives of Indians.
“India is home to one of the most vibrant developer and start-up ecosystems in the world, and Microsoft is deeply committed to the growth of Indian technology – which will impact markets in India and around the world,” said a Microsoft statement. meeting.
Microsoft did last month Launched Jugal Bandi, a new generative AI-powered chatbot on mobile devices for government support in India. It can understand queries in multiple languages, whether spoken or typed. It receives information from relevant programs – usually written in English – and sends it back in the local language. Jugalbandi powered by AI Assistant AI4Language model from IndiaThe logic model from a government-backed initiative, and the Microsoft Azure OpenAI service.
Google CEO Sundar Puchai said he shared with the Prime Minister that Google is investing $10 billion in India’s Digitization Fund. “We are announcing the opening of our Global Fintech Operations Center in GIFT City, Gujarat,” Mr Pichai was quoted as saying by news agency ANI.
An Amazon statement said its CEO Andy Jassy and the PM discussed ways to support Indian startups, create jobs, enable exports, digitize and empower individuals and small businesses to compete globally. talked to.
“Amazon has promised to digitize 10 million small businesses, enable $20 billion in exports, and create 2 million jobs in India by 2025. Currently, Amazon India is on track to fulfill them, already More than 6.2 million small businesses have been digitized and enabled,” said the company’s statement. “Exports worth $7 billion and over 1.3 million direct and indirect jobs have been created.”
PM methods met industrialists from different fieldsThe “high-tech handshake” mega event at the White House in Washington DC on the last day of his US visit included semiconductor, manufacturing, space and start-ups.
In his remarks, the Prime Minister underlined the immense potential of harnessing India-US technological collaboration for socio-economic development. He also appreciated the contribution of India’s talented youth in fostering a culture of innovation. President Biden called on the CEOs to help expand the India-US technological partnership in new areas including biotechnology and quantum,” said a government release on the event.
Attendees included Apple’s Tim Cook, Flex CEO Revati Advaithi, OpenAI CEO Sam Altman, FMC Corporation President and CEO Mark Douglas, Microsoft chief Satya Nadella and Google’s Sundar Pichai.
Earlier during the PM’s visit, another important announcement was made by Micron Technology in association with the India Semiconductor Mission, which said it would build a semiconductor assembly and test facility in Gujarat at a cost of $2.75 billion.
In the space sector, India has signed the Artemis Agreement for space exploration. By the end of this year, NASA and ISRO are developing a strategic framework for human space flight cooperation.
PM Modi also met SpaceX chief Elon Musk in New York on Tuesday.